Job Description
Position: Fund Accountant Manager
Location: Los Angeles, CA
Type: Full Time
Rate: $120k to $140k/Per Annum
Summary:
As the Manager, Closed-End Fund Accounting, you will play a crucial role in overseeing the maintenance of books and records for various private partnerships and accounts. Reporting to clients and collaborating with the portfolio group, you will be responsible for a range of financial activities and ensuring compliance with accounting standards.
Responsibilities:
- Manage the preparation and maintenance of books and records for pooled private investment funds, including limited partnerships and separate accounts.
- Conduct accounting and reconciliation of cash, investments, and real property.
- Record and reconcile purchase and sale transactions.
- Handle accounting for complex corporate actions.
- Estimate and post monthly closing accruals.
- Calculate income and expense allocations to partners, updating distribution waterfalls based on governing documents.
- Determine and prepare distributions and drawdowns.
- Generate monthly, quarterly, and annual financial reports for clients.
- Analyze and calculate performance metrics for partnerships/accounts and individual investments.
- Coordinate with funds’ independent auditors, custodians, prime brokers, and fund administrators.
- Perform additional tasks as required.
Qualifications:
- Minimum of 5-7 years of relevant accounting or audit experience, preferably within Big Four public accounting or a combination of public accounting and investment management industry experience.
- Strong knowledge of reconciliation and account analysis.
- Excellent understanding of accounting principles and the ability to apply relevant investment company accounting rules.
- Solid analytical skills with the ability to understand and resolve complex problems.
- Proficiency in Microsoft Excel, Word, and PowerPoint.
- Experience with SQL and Power BI is a plus.
Personal Attributes:
- Self-motivated with a strong attention to detail and an excellent work ethic.
- Exceptional organizational skills, efficiently handling complicated work.
- Proactive in asking questions and identifying problems.
- Superior written and verbal communication skills, effective both individually and as part of a team.
- Ability to understand and resolve complex problems.
Education:
- Bachelor’s degree in Accounting or Finance.
- CPA certification is a plus.